RAC/PAC
European Chiller Market Future Forecast
Reciprocating, Screw and Scroll In 2013, the European market for reciprocating, screw and scroll chillers is expected to reach US$ 1.4 billion in value, accounting over 85% of the total chiller market by value. However, reciprocating chillers have virtually disappeared. The total market is expected show a rather modest 0.6% growth per annum between 2011 and 2016. The following countries are expect...
Ductless systems growing in the global HVAC market
24/11/2013 Annual revenue from ductless systems will grow from USD 3.9 billion in 2013 to over USD 9 billion by 2020, representing nearly 30% of total energy-efficient HVAC systems revenue in that year, according to a new report from Navigant Research. Overall, annual revenue from energy efficient HVAC systems will grow from USD 17.2 billion in 2013 to USD 33.2 billion by 2020, the report s...
3.4 Latin America
Latin America has enjoyed a fairly good economic growth in the recent years, due mainly to absence of the worries affecting Europe and other areas. At the same time, it is enjoying a good price level for its export commodities like minerals and food products, which are rather plentyful in this part of the world. With few major natural catastrophes like earthquakes, these countries were able to rec...
3.3 Russia
Russian Chiller Market After the financial crisis of 2008, the Russian construction market recovered faster than analysts expected. As a result, sales of chillers in Russia as of the end of 201...
3.2 Spain
Spain Chiller Market 2012 Context During year 2012 nothing changed substantially in the Spanish economy compared with the previous year so the country was facing same problems, perhaps with better perspectives, but with a heavy task ahead. As the government main goal was to control and reduce the fiscal deficit at all levels, the austerity measures were introduced by practically every publi...
3. Special Contributions--3.1 Italy
2012 Chiller Market in Italy Last-year report’s conclusion, based on interviews with major manufacturers, indicated that no real improvement was to be expected in the near future unless and unt...
2.11 Australia
Australia’s real GDP growth for the 2011-2012 fiscal year (July 2011-June 2012) was 3.4%, marking 21 consecutive years of positive growth. Australia’s economy began slowing gradually from July 2012, h...
2.10.4 Mexico
The Mexican economy grew 3.9% in 2012, with both capital investment and construction demand showing recovery. Many automakers have started local production in Mexico, and automobiles and auto parts account for 23.8% of total exports by value. This represents Mexico’s largest export sector, and more automakers and parts manufacturers are moving operations into the country. After the N...
2.10.3 Argentina
Argentina’s real GDP had marked two consecutive years of high growth around 9%, but real GDP growth fell to 1.9% in 2012. Construction investment by value declined a sharp 35.5%. Argentina’s chiller market scale came to US$ 11.1 million in 2012, a decline of 18.8% over the previous year. Centrifugal chiller market scale marked a year-on-year increase of 18.7% to US$ 3.8 million, but the mar...
2.10.2 Chile
Chile’s real GDP in 2012 marked strong 5.6% growth. Reconstruction demand from the large earthquake that struck Chile in February 2010 is still brisk, with the construction and capital investment sectors marking growth. Construction of both residential and commercial properties such as new hotel projects, especially in the capital of Santiago, is a frequent site. Commercial projects for off...
2.10.1 Brazil
Brazil’s real GDP growth in 2012 stalled at 0.9%. Construction investment recorded a slight increase of 1.9%. Nevertheless, the upcoming 2014 FIFA World Cup and 2016 Olympic Games in Brazil are...
2.9.6 Iraq
Under a five-year plan from 2010 to 2015, Iraq has been investing in medicine, education, construction, petrochemicals, cement, and other industries that are not oil-related. The Iraqi government has also set targets for new construction, including building more than 2 million homes, more than 3,000 schools, and more than 1,000 medical facilities to create infrastructure demand as part of the plan...
